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Online Casinos in general: Withdraw over 20K in bitcoin at Revolut

Topic created on 01st Oct. 2024 | Page: 1 of 1 | Answers: 6 | Views: 1,441
Kerki84
Rookie

Withdraw over 20K in bitcoin at Revolut

1st Oct. 2024, at 04:00 pm CEST#1
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Hey guys, hope I'm in the right section if not please forgive me

As described above I made a nice little fortune playing Roulette at the Bitcoin casino.

I would like to pay it out normally via Revolut so send the bitcoins back there and sell them. Does anyone know if there are problems or a limit? Does anyone have experience with this or how else can I send it to Revolut? I've googled a lot but can't find any answers

Thanks for your answers

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1LTC1
Expert

Withdraw over 20K in bitcoin at Revolut

2nd Oct. 2024, at 07:06 am CEST#2
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It is still working without any problems.
Revolut will soon be introducing new terms and conditions, which state that certain data will be communicated to the tax office in the crypto area.
So if you want to use Revolut Crypto for this, then it's best to do it quickly.

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Paddington
Expert

Withdraw over 20K in bitcoin at Revolut

14th Nov. 2024, at 07:53 am CET#3
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Kerki84 wrote on 01.10.2024 at 16:00: Hey guys, hope I'm in the right section here if not look it up

As described above, I made a nice little sum in the Bitcoin casino through roulette.

Would like to cash it out normally via Revolut so send the bitcoins back there and sell them. Does anyone know if there are problems or a limit? Does anyone have experience with this or how else can I send it to Revolut? I've googled a lot but can't find any answers

Thanks for your answers

How did you do it? Did it work?

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agnesaislami
Experienced

Withdraw over 20K in bitcoin at Revolut

18th Nov. 2024, at 07:29 am CET#4
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just a question here. If you pay out from casino to crypto, then sell this amount in the crypto wallet and pay it out to paypal. How does the tax work? Where and how do you pay the tax? because I have now paid out 214 euros, for example. Or do I still have the annual tax-free amount? Or does this even exist in relation to crypto?

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Muschmusch
Amateur

Withdraw over 20K in bitcoin at Revolut

18th Nov. 2024, at 07:48 am CET#5
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Revolut closed my account yesterday morning without warning for this reason 🤷‍♀️

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1LTC1
Expert

Withdraw over 20K in bitcoin at Revolut

18th Nov. 2024, at 01:01 pm CET#6
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Muschmusch wrote on 18.11.2024 at 07:48: Revolut closed my account yesterday morning without warning for this reason 🤷‍♀️

Can you explain in more detail please?

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1LTC1
Expert

Withdraw over 20K in bitcoin at Revolut

18th Nov. 2024, at 01:06 pm CET#7
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agnesaislami wrote on 18.11.2024 at 07:29: times ne question here purely gegrätscht. If you pay out from casino to crypto, then sell this amount in the crypto wallet and pay it out to paypal. How does the tax work? Where and how do you pay the tax? because I have now paid out 214 euros, for example. Or do I still have the annual tax-free amount? Or does this even exist in relation to crypto?


Everything, plus sending a kidney to the tax office. There is a 100% tax on it....

You don't have to pay tax on it.

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